{"id":99779,"date":"2017-07-01T06:02:44","date_gmt":"2017-07-01T06:02:44","guid":{"rendered":"http:\/\/punjabpost.in\/welcome\/?p=99779"},"modified":"2017-07-01T06:02:44","modified_gmt":"2017-07-01T06:02:44","slug":"gst-essentially-good-simple-tax-says-prime-minister","status":"publish","type":"post","link":"https:\/\/punjabpost.in\/welcome\/99779","title":{"rendered":"GST is essentially- Good &#038; Simple Tax, says Prime Minister"},"content":{"rendered":"<p style=\"text-align: justify;\">New Delhi, June 30 (Punjab Post Bureau) &#8211; The much-awaited Goods and Services Tax (GST) was rolled out from <img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-99780\" src=\"https:\/\/punjabpost.in\/welcome\/wp-content\/uploads\/2017\/07\/PPN3006201701.jpg\" alt=\"PPN3006201701\" width=\"900\" height=\"434\" srcset=\"https:\/\/punjabpost.in\/welcome\/wp-content\/uploads\/2017\/07\/PPN3006201701.jpg 900w, https:\/\/punjabpost.in\/welcome\/wp-content\/uploads\/2017\/07\/PPN3006201701-300x145.jpg 300w\" sizes=\"auto, (max-width: 900px) 100vw, 900px\" \/>midnight tonight from the historic Central Hall of Parliament in the presence of President Pranab Mukherjee, Prime Minister Narendra Modi, finance minister Arun Jaitley and other Cabinet ministers, many chief ministers and senior government officials.<\/p>\n<p style=\"text-align: justify;\">\u00a0GST will replace more than a dozen central and state taxes or Value Added Tax (VAT) with an aim to create a seamless unified market for the $2 trillion Indian economy.<\/p>\n<p style=\"text-align: justify;\"><strong>\u00a0Highlights of FM, PM and President\u2019s address at the Central Hall of Parliament at the launch of GST<\/strong><\/p>\n<p style=\"text-align: justify;\">\u00a0<span style=\"color: #ff0000;\"><strong><u>Finance Minister \u2013 Arun Jaitley<\/u><\/strong><\/span><\/p>\n<p style=\"text-align: justify;\">\u00a0India will awake to limitless opportunities to expand its economic horizons<\/p>\n<p style=\"text-align: justify;\"><a href=\"https:\/\/twitter.com\/hashtag\/GST?src=hash\">GST<\/a> is India&#8217;s most ambitious tax reform, it will create One Tax, One Market for One Nation:<\/p>\n<p style=\"text-align: justify;\">It will be an India that will write a new destiny&#8230;India can rise beyond narrow politics.<\/p>\n<p style=\"text-align: justify;\">&#8221; The journey of GST\u00a015 years ago. Vijay Kelkar committee was formed in 2003 to recommend tax Refoms:<\/p>\n<p style=\"text-align: justify;\"><a href=\"https:\/\/twitter.com\/hashtag\/GST?src=hash\">GST<\/a> Council met 18 times and there was never any need for voting, because of the unanimity:<\/p>\n<p style=\"text-align: justify;\">\u00a0\u00a0<a href=\"https:\/\/twitter.com\/hashtag\/GST?src=hash\">#GST<\/a> midnight roll out also heralds the spirit of cooperative federalism.<\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #ff0000;\"><strong><u>\u00a0Prime Minister \u2013 Narendra Modi<\/u><\/strong><\/span><\/p>\n<p style=\"text-align: justify;\">\u00a0GST is not a success of any party or any government. It is the result of everyone&#8217;s effort<\/p>\n<p style=\"text-align: justify;\">Scope of\u00a0<a href=\"https:\/\/twitter.com\/hashtag\/GST?src=hash\">#GST<\/a> is unlimited to financial system, now India will move in a new direction.<\/p>\n<p style=\"text-align: justify;\">Best brains have worked on\u00a0<a href=\"https:\/\/twitter.com\/hashtag\/GST?src=hash\">#GST<\/a>, we are setting India&#8217;s roadmap.<\/p>\n<p style=\"text-align: justify;\"><a href=\"https:\/\/twitter.com\/hashtag\/GST?src=hash\">#GST<\/a> will stop <a href=\"https:\/\/twitter.com\/hashtag\/BlackMoney?src=hash\">#BlackMoney<\/a> and corruption, it will also benefit the poor of the nation:<\/p>\n<p style=\"text-align: justify;\"><a href=\"https:\/\/twitter.com\/hashtag\/GST?src=hash\">#GST<\/a> will bring economic integrity in the country,\u00a0 the days of \u2018kachcha bill and pucca bill will become the things of the past:<\/p>\n<p style=\"text-align: justify;\"><a href=\"https:\/\/twitter.com\/hashtag\/GST?src=hash\">#GST<\/a> will provide a level playing field for all the states to progress economically<\/p>\n<p style=\"text-align: justify;\"><a href=\"https:\/\/twitter.com\/hashtag\/GST?src=hash\">#GST<\/a> will end trade imbalance and will promote exports<\/p>\n<p style=\"text-align: justify;\">GST is a new tax regime of New India, Digital India which will not only transform the nation economically but also socially<\/p>\n<p style=\"text-align: justify;\"><a href=\"https:\/\/twitter.com\/hashtag\/GST?src=hash\">#GST<\/a> isn&#8217;t just ease of doing business, it&#8217;s also a way of doing business:<\/p>\n<p style=\"text-align: justify;\">GST is essentially a Good &amp; Simple Tax. Good for the country, Simple for the taxpayers<\/p>\n<p style=\"text-align: justify;\">\u00a0<strong>GST will also end the regime of Tax terrorism and Inspector Raj<\/strong><\/p>\n<p style=\"text-align: justify;\">\u00a0<span style=\"color: #ff0000;\"><strong><u>President Pranab Mukherjee<\/u><\/strong><\/span><\/p>\n<p style=\"text-align: justify;\">\u00a0Introduction of\u00a0<a href=\"https:\/\/twitter.com\/hashtag\/GST?src=hash\">#GST<\/a> is a momentous event for the nation. It is a tribute to the maturity and wisdom of India\u2019s democracy<\/p>\n<p style=\"text-align: justify;\">The new era in taxation is the result of a broad consensus arrived at between Centre and States<\/p>\n<p style=\"text-align: justify;\">GST will make exports more competitive &amp; also provide a level playing field to domestic industry to compete with imports<\/p>\n<p style=\"text-align: justify;\">GST will be administered through a modern world-class information technology (IT) system<\/p>\n<p style=\"text-align: justify;\">GST will create a strong incentive for buyers to deal with honest and compliant sellers who pay their dues promptly.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New Delhi, June 30 (Punjab Post Bureau) &#8211; The much-awaited Goods and Services Tax (GST) was rolled out from midnight tonight from the historic Central Hall of Parliament in the presence of President Pranab Mukherjee, Prime Minister Narendra Modi, finance minister Arun Jaitley and other Cabinet ministers, many chief ministers and senior government officials. \u00a0GST &hellip;<\/p>\n","protected":false},"author":1,"featured_media":99780,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"footnotes":""},"categories":[11],"tags":[],"class_list":["post-99779","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-english"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>GST is essentially- Good &amp; 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